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Thu, Apr 15, 2021 09:26
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Tolko and two First Nations create integrated forestry company
CANADA (News release) -- Pelican Lake First Nation, Witchekan Lake First Nation, and Tolko Industries Ltd. announced that they have signed an Agreement in Principle that will enhance the ability for Pelican Lake and Witchekan Lake First Nations to further their expertise as a logging contractor.

The agreement involves the formation of a Limited Partnership that includes the development of a logging company and envisions a fully integrated forestry company involved in harvesting, silviculture, and biomass harvesting. This includes training for Indigenous youth and women both on-reserve and off-reserve in both forestry and mill positions, and other future business opportunities such as trucking. The Limited Partnership corporation will be co-owned by Pelican Lake First Nation, by Witchekan Lake First Nation, and by Tolko.

In order to minimize risk during the pandemic, a virtual signing ceremony was held with leaders from Pelican Lake First Nation, Witchekan Lake First Nation, and Tolko.

Tolko is a leading manufacturer of a wide range of forest products, including lumber, plywood and veneer-oriented strand board co-products, biomass power, and a growing number of specialty wood products.

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